GRAIN FARMERS N° 52 : November 2020

Market situation in a nutshell:

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During the month of November 2020, the cereal markets continued to be well supplied with new crops and price declines started to be already noticeable in the maize and sorghum markets. On the other hand, in the rice and millet markets, the trend towards price stability is still in order. In the coming weeks, the price cuts are likely to become more pronounced or become more widespread with the intensification of marketing’s.

By country and by speculation, the trend is as follows:

For rice: With the exception of Togo where the marketing of new harvests and imports as a prelude to the end-of-year celebrations caused slight declines and Niger where the destruction of fields by flooding, particularly in the regions of the river generated slight increases, the trend was towards price stability in all of the other markets monitored (Benin, Ghana, Côte d'Ivoire, Burkina, Senegal, Guinea)

For maize: While price decreases were observed in the markets of Burkina Faso, Senegal, and Niger, the trend was rather upward in Côte d'Ivoire and stability in Guinea, Ghana, Togo and in Benin

For millet: While price decreases were noted in Senegal and Niger, the trend was rather upward in Burkina Faso and it is rather the stability that was required in Guinea, Ivory Coast, Ghana, in Togo and Benin

For sorghum: The trend has been towards price stability in the markets of Senegal, Ivory Coast, Ghana, Togo and Benin while it was declining in Niger and Burkina